China does not like birds of doom, nor the outspokenness of its economists. Hao Hong, one of China's most reputable analysts, quit his job at one of the country's major state-owned banks, days after his public accounts on Chinese social media WeChat and Weibo were censored. Regularly quoted by foreign media, including Le Monde, Hao Hong knew how to explain the strengths and weaknesses of the Chinese economy, but did not hesitate to point out the inconsistencies in official statistics.
Several renowned Chinese specialists have had their social media accounts deleted after pointing out the consequences of the country's health strategy.
Social media are the target
Based in Hong Kong, he was also present on Twitter, a censored social network in China, where he sometimes revealed the substance of his thoughts: "Shanghai, zero movement, zero GDP", says one of his last publications, the 31 March. As the government's zero Covid policy suffocates the economy, the authorities seem to be less and less tolerant of any dissenting opinion on this matter. Hao Hong's Weibo account, which had 3 million followers, disappeared on Saturday, April 30, while his WeChat account was blocked on suspicion of "breaking the rules" of the platform.
WeChat is a cross-platform mobile app that is one of the most popular in China. It is also the one we’ll focus on in this guide source
"Breach of Laws"
Contacted, the former research director of BoCom international holdings, a brokerage subsidiary of the state bank, only indicates that he left his post for "for personal reasons". But the economist, who joined BoCom in 2012, is far from alone in this case: in recent weeks, the Weibo accounts of Fu Peng, senior economist at Northeast Securities, of Dan Bin, director of Shenzhen Oriental Harbor Investment , and Wu Yuefeng, a fund manager at Funding Capital in Beijing, were all suspended for "violating laws and regulations".
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